G R Infraprojects Ltd has recently informed exchanges that the company has singed MoU with the Government of Assam to develop a ropeway connecting Sonaram Field to Bhubaneshwari Temple, Kamakhya in Guwahati. This project aims to enhance tourism and provide a convenient transportation option for pilgrims and visitors.
Under this Memorandum of Understanding (MoU), the Assam government will support G R Infraprojects in obtaining necessary approvals, clearances, and permissions for seamless project execution. The MoU remains valid for 12 months from the signing date, with a possible extension if required.
With a proposed investment of ₹270 Crores, the ropeway is expected to boost local infrastructure, improve accessibility, and promote sustainable tourism in the region. Kamakhya Temple is one of India’s most revered pilgrimage sites, and this project will significantly ease travel for devotees while offering breathtaking views of the city and the Brahmaputra River.
In the meantime, yesterday, G R Infraprojects’ shares closed at ₹1,020.05, slightly up from the opening price of ₹1,019.75. The stock reached a high of ₹1,029.40 and a low of ₹1,001.95 during the trading session. It remains near its 52-week low of ₹990.60, significantly below its 52-week high of ₹1,860.00.
